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Cloud and Virtual Bookkeeping Services Canada

Professional bookkeeping is essential for a successful business. Keeping organized and up-to-date records is necessary to allow business owners to make profitable decisions and grow the company year on year.

With cloud and virtual bookkeeping services, businesses can take advantage of experience, automation, and technology that simplifies their business operations. Most importantly, virtual bookkeeping solutions keep your important documents and calculations organized so when year-end comes, you have everything you already need.

Cloud-based bookkeeping services give you the consistent access you need to keep your business moving forward without the price tag of hiring an internal bookkeeper. How can you achieve your business goals by implementing virtual bookkeeping?

What are Virtual Bookkeeping Services and Software?

Virtual bookkeeping solutions provide business owners with the bookkeeping services they need, fully online in cloud-based software. It is a system that allows businesses to have their bookkeeping and other associated tasks (like accounting or payroll) done by a qualified expert remotely.

These bookkeeping experts handle a business’ bookkeeping remotely through cloud-based bookkeeping software that the client can access at any time.

Remote, virtual and cloud-based bookkeeping technologies have innovated the industry in recent years. The availability of virtual bookkeeping has simplified business operations, expense tracking, payroll, and invoicing for businesses across Canada.

Why Your Business Needs Virtual Cloud Based Bookkeeping Services

As a business owner, you know the importance of bookkeeping. Receipts, invoices, payroll records, bank and credit card statements, investment statements, and tax returns should be compiled, calculated, and reviewed at least monthly. However, business owners are often unable to dedicate the time it takes to do it themselves, and hiring an internal bookkeeper comes with it own set of difficulties.

Virtual bookkeeping also allows you to take advantage of cloud-based software and gives you the flexibility you need to successfully manage your business. Seamlessly provide your bookkeeper with relevant documents digitally and access your reports and data any time you want online. No need for ledgers, in person meetings, or struggling to get in contact with your team.

At Accountor CPA, we seek to provide Canadian businesses with bookkeeping services that fully meet their needs, when and where they require it. We take the stress of managing your own bookkeeping out of your hands as a business owner. You provide us with the relevant documents, and we provide accurate bookkeeping records, fully available virtually in cloud-based software.

Virtual bookkeeping services provide benefits across industries, including:

  • Retail
  • Manufacturing
  • Industrial and Factory
  • Legal
  • Real Estate
  • Healthcare
  • Insurance
  • Import/Export
  • Restaurants and Bars
  • Contractors
  • Self-employed

We are trusted by business owners across Canada. Our Chartered Professional Accountants (CPAs) have the experience to go beyond just basic bookkeeping and provide you with custom virtual solutions, tailor-fit to your needs.

Grow your business and achieve your goals. Leave the bookkeeping to our virtual bookkeeping team.

What About Part Time Virtual Bookkeepers?

Part time virtual bookkeepers are a great solution for start ups and small businesses who need bookkeeping services to manage and organize finances, but may not have enough expenses or revenue to justify a full-time bookkeeper.

Part time virtual bookkeepers provide the benefits of virtual bookkeeping without the associated costs of hiring a part time person in-house.

At Accountor CPA, our virtual bookkeeping services are fully scalable, meaning if you are a start up or small business with low bookkeeping needs, you can select a part time solution. As your company and needs grow, we can grow to accommodate you.

Benefits of Virtual Bookkeeping Services

Virtual bookkeeping services come with a number of advantages over traditional in-house bookkeeping.

Focus on Your Business

Bookkeeping can eat significantly into time that would be better spent on marketing, sales, and management. Leave the bookkeeping to us, so you can focus on what is important to you - managing your business.

Lower Overhead Costs

A virtual bookkeeper is a fraction of the cost of hiring a full time or even part time bookkeeper internally. Save more of your money without sacrificing the quality of service.

Fully Dedicated Team

An in-house bookkeeper may be delegated other tasks that retract from their core duties. Working with a virtual bookkeeping team ensures that they are fully dedicated to your business’ bookkeeping.

Access to Qualified, Reliable, Experienced Bookkeepers

Don’t worry about mistakes due to lack of experience, skill, and qualifications. A qualified virtual bookkeeping company has a staff of CPAs to ensure full compliancy and accurate financial records.

Confidentiality

Working with a CPA gives you the benefits of their experience. They are bound by confidentiality and professionalism at all times. You know your company’s sensitive data is being protected and your best interests are kept in mind.

Comprehensive Advice

Bookkeeping services for small business do more than just track finances. The reports generated can help find gaps in business administration and make recommendations for improvement that may otherwise go unnoticed.

Virtual Bookkeeping Rates

The costs for bookkeeping services varies depending on your business’ size, industry, and needs. To hire an internal bookkeeper can cost upwards of $55 000 per year, plus associated costs. Internally, you are limited to the scale of just one person. If your needs grow, you will have to hire a secondary bookkeeper and grow your overhead costs.

Virtual cloud-based bookkeeping services allow you to have all your needs met by an experienced team. Accountor CPA offers fully customizeable and scalable bookkeeping solutions. You can save thousands of dollars per year while having access to more people, more services, and better bookkeeping.

Virtual bookkeeping businesses also come with the unique benefit of having lower overhead costs themselves. Reduced needs to travel, a focus on cloud-based technologies, and remote work allows virtual companies to pass the cost savings to their clients.

Virtual bookkeeping fees also depend on the level of service you need. As your needs grow, so should the services provided by a virtual bookkeeping solution.

Cloud Based & Virtual Bookkeeping Software

There are a number of cloud based bookkeeping software programs available for businesses of any size. Applications like Hubdoc, Receipt Bank, and Expensify help business owners track receipts, bills, invoices, bank statements, and more simply by uploading them right from a mobile device.

Most cloud bookkeeping services and applications can be seamlessly integrated with accounting software as well for comprehensive record keeping. Programs like FreshBooks, QuickBooks Online, Sage, and Xero are all cloud-based software that can cater to start ups, small businesses, SMEs, and large corporations.

Choosing the right cloud bookkeeping software for your business can be difficult even when you know what features you need. Ensuring your software has robust bookkeeping integrations and tracking customized for your company will help you track finances and make better business decisions.

Work With A Professional Virtual Bookkeeping Company

Accountor CPA’s virtual bookkeeping services and cloud-based bookkeeping software provides a seamless workflow to ensure all transactions, whether revenue or expenses, are tracked accurately. Our CPAs and bookkeeping team are available for support and to answer your questions.

Our virtual bookkeeping services include:

  • Setting up cloud-based bookkeeping software
  • Budgeting services
  • GST/HST reporting
  • Payroll services
  • Entering, coding, and paying bills
  • Creating and sending customer invoices
  • Collecting past due accounts receivable
  • Reconciling bank and credit card statements
  • Maintaining vendors for accounts payable
  • Maintaining clients for accounts receivable
  • Supporting the CFO by preparing audits and analyses
  • Preparing weekly, monthly, quarterly, and/or yearly financial statements and plans

Whether you are a small business, a medium-sized enterprise, or a large corporation, our virtual bookkeeping services can change the way you plan your business’ present and future.

Simplify your bookkeeping. Contact us for a free virtual consultation.